France, the United States and other countries’ stances with Lebanon’s ruling class seem to be intensifying after the latter failed to form a government that would pull the country out of its deep economic crisis.
Back in 2018, Lebanon was promised an $11 billion aid package at the Conference for Economic Development and Reform through Enterprises (CEDRE) in Paris aimed at rallying international countries for investment support to boost the country’s economy. The funds from CEDRE, however, were contingent on structural reforms that were never implemented; hence, the money wasn’t given.